Moreover, automated weather and rain gauge stations will be set up...
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Insurers to provide details of basic features to customers from Jan 1, 2024
Policyholders will also be informed about policy coverage (like...
Market sentiment remains cautious amid West Asia crisis
Of the total FPI AUM of around $ 652 billion financial services...
Madras High Court bans online sales of medicines
On Monday, Justice Puspha Sathyanarayana directed the Union government to notify rules related to the online sale of drugs and medicines by 31 January and ordered a ban on the online sales till then.
HC rejects plea against LIC move to acquire 51% stake in IDBI
Justice Vibhu Bakhru rejected the petition by the All India IDBI Officers Association, which had opposed the move of Life Insurance Corporation (LIC) on the ground that change in shareholding could take away the public sector bank status of IDBI. The association was concerned that taking away public sector status of IDBI could affect the employment conditions of its staff
Your digital life may be up for sale for just Rs 3,500: Kaspersky Lab
“This can include data from stolen social media accounts, banking details, remote access to servers or desktops, and even data from popular services like Uber, Netflix, and Spotify, as well as gaming websites, dating apps, and porn websites which might store credit card information.”
Cabinet moves to get legal backing, allow Aadhaar for phone numbers, banks
The Supreme Court had on September 26 struck down Section 57 of the Aadhaar Act that made seeding of the biometric ID with SIMs and bank accounts mandatory, saying it had no legal backing.
Govt notifies rule change, allows phone calls and internet on flights
Indian and foreign airlines and shipping companies operating can provide in-flight and maritime voice and data services in partnership with an Indian telecom licence holder.
BoB-Dena-Vijaya Bank merger unwarranted, will lead to job cuts: AIBEA
Noting that several villages were yet to receive banking services, he said, “There is a huge exclusion of people. Banks need to be expanded. No need for consolidation.”
‘Hot money’ evaporates from Indian capital markets in 2018, outflow nears Rs 1 lakh cr
This could make 2018 the worst year in terms of foreign portfolio investments in the Indian capital markets and follows a record net inflow of about Rs 2 lakh crore into equities and debt securities in 2017, as per data available with the depositories and exchanges.
IRDAI Board to meet on Dec 21, may allow new players
Some well known names like Paytm and Indiabulls group and a few other companies, backed by Private Equity Funds, have already applied for licenses some time ago, to float life , general and exclusive health insurance companies to the IRDAI.
Govt forms panel under BBB to select MD for PSU insurance firms
The government has constituted a seven-member panel to select managing directors of public sector insurance companies.According to sources, the panel would be headed by Banks Board Bureau (BBB) chairman B P Sharma.
Revised Reinsurance Norms:Order of Preference, GIC Re’s ` first right to refusal’ retained, ART relaunched
Among other new significant decisions, the revised reinsurance guidelines approved by the IRDAI board almost three months back but gazetted on Wednesday, however removed the `Order of preference’ for the life reinsurance business, put a cap on how much a cross boarder reinsurer can do business with a nonlife insurer in a specific portfolio, lays out detailed guidelines for the reinsurers on how to do their reinsurance business(, termed as retrocession) with their board approvals, relaunching the banned alternative risk transfer business (ART)